Word: loans
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Dates: during 1980-1989
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...reluctant owner of these properties, and tens of thousands more, is the U.S. Government. A federal stockpile of distressed real estate holdings is suddenly growing to an unprecedented and ominous size as Government regulators seize insolvent savings and loan associations and commercial banks. President Bush's plan to bail out the S & L industry, which won Senate approval last week by a vote of 91 to 8 and now faces House consideration, calls for the Federal Deposit Insurance Corporation to take over some 400 hopelessly ill thrifts and sell off their real estate in the next few years. During this...
...state did not respond by May 1, the council, at the urging of Walsh, planned to initiate legal action against the commonwealth to obtain the money for the hospital. Walsh also said he might ask Harvard to loan the city the funds...
Last week Finance Minister Pedro Aspe announced that Mexico had reached a tentative agreement with the International Monetary Fund to borrow $3.6 billion. Mexico plans to use the three-year loan to lower its debt payments by inducing banks to reduce the country's debt or the interest charged. It remains doubtful, however, that the IMF deal, which is part of a new U.S. policy announced last month by Treasury Secretary Nicholas Brady and which could reduce Mexico's debt load by as much as 20%, is enough to jump-start the country's stalled economy. And even...
WASHINGTON--Senators threatened with a disrupted vacation overwhelmingly adopted President Bush's savings and loan rescue after bowing to a last-minute plea to strengthen a key reform...
Walsh said that he came up with the idea of asking Harvard for a loan at a recent League of Cities and Towns meeting, where he heard of a similar arrangement that had been set up between Northwestern University and Evanston, Illinois. He said that he did not think that there was any precedent for Harvard loaning money to Cambridge...